Pickering Foundation

Analysis

Pickering Foundation is a registered charity in United States, based in Salem, MA. It received its IRS tax-exemption ruling in February 1952, 74 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Pickering Foundation reported income of $491k and spending of $98k, leaving 80% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $245k to $491k (+101%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 152%. Over the whole period it spent 39% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Pickering Foundation sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within MA. Charities of a similar size with the same main cause include Nami North Texas ($491k), American Association of Community Mental Health Center Psychiatrists ($491k) and Bridging Community Resources ($491k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 42% and program service revenue 0.9% of the total. At year end it held assets of $1.0m against liabilities of $0, net assets of $1.0m. It reported 1 employees.